2007-08-21 12:08:00 TMK acquires pipe coating producer Truboplast JSC TMK reached an agreement to acquire 100% of share capital in OOO “Truboplast”. The consolidation of “Truboplast” into TMK’s structure is planned to be completed by the end of 2007.
OOO “Truboplast” is one of Russia ’s largest producers ...
2007-08-20 17:38:51 VSMPO-AVISMA Corporation will Participate in the International Air Show MAKS-2007 The Air Show will be held on August 21-26, 2007 in Zhukovsky city, Moscow region.
The particular feature of this Air Show is that for the first time many Russian aircraft-building companies will appear under the aegis of the United Aircraft-Building Corporation, which will demonstrate all ...
2007-08-20 17:33:32 Listvyazhnaya Coal Preparation Plant Becomes New Benchmark in Belon’s Development Belon Group completed construction of the Listvyazhnaya coal preparation plant, which proved to be one of the key investment projects of the Company. The total investment in the plant construction amounted to 3 billion rubles (exclusive of VAT). ...
2007-08-17 16:58:24 Alcoa to Find Way to Russia’s Sky Russia ’s division of the U.S. Alcoa has finally got a chance to make profit-raising its two plants. The company will ink a cooperation agreement with United Aircraft Construction Corp., or UAC, during the MAKS 2007 Air Show.
In time of MAKS 2007, UAC is going to sign a ...
2007-08-17 15:10:37 Severstal to double PPGI output Severstal has signed a contract with German firm SMS Demag for the delivery of a second line with annual design capacity of 200,000 tn of pre-painted galvanized iron. In two years’ time, when the line is commissioned, Severstal will double output of this product.
Severstal will ...
2007-08-16 11:53:26 Evraz Group’s major operating subsidiaries report 2Q 2007 RAS Financial Results Evraz Group S.A. announces that its major Russian operating subsidiaries [1] have filed financial results with the Federal Financial Markets Service of the Russian Federation (FFMS) for the three months ended June 30, 2007 . The results are prepared in accordance with Russian accounting ...
2007-08-16 11:48:16 UC RUSAL’S Aluminium Division receives ISO 14001 UC RUSAL is pleased to announce that its Aluminium Division has been awarded an international environmental management standard ISO 14001 certificate.
The certificate was issued by Det Norske Veritas (DNV), an international auditing company based in Norway, which confirms that UC ...
2007-08-15 16:02:00 Mechel Announces Opening of New Warehouses by Mechel-Service Mechel ОАО announced that its trading company, Mechel-Service OOO, opened new warehouses in July and plans to further expand its distribution network.
The Company opened a total of 5 new units in Moscow, Yekaterinburg, Sochi, St.-Petersburg, in addition to those it had had in these ...
2007-08-15 12:45:19 VSMPO-AVISMA starts an implementation of enterprise resource planning system based on SAP software The Board of Directors of VSMPO – AVISMA Corporation approved a decision to implement an enterprise resource planning (ERP) system based on SAP software.
With SAP ERP information system both production plants of the Corporation – VSMPO and AVISMA should be in a position to ...
2007-08-15 11:51:14 Norilsk Nickel’s Offer to LionOre Shareholders Expires With Over 97,7% of Shares Tendered OJSC MMC Norilsk Nickel announced that 241,518,856 common shares of LionOre Mining International Ltd representing in excess of 97.75% of the LionOre common shares outstanding have been acquired, or will be taken up with payment to be made shortly, by Norilsk Nickel under its all-cash offer to ...
2007-08-14 14:55:46 Severstal acquires 22% of the issued shares of Celtic Resources Holdings Plc ZAO Severstal Resurs (“Severstal Resurs”), which manages the mining assets of OAO Severstal, announces that Severstal’s subsidiary Bluecone Limited has agreed to acquire for cash approximately 12.3 million common shares of Celtic Resources Holdings Plc ...
2007-08-14 13:49:13 OMZ has won an international tender for the manufacture of two hydrocracking reactors for TANEKO OMZ, belonging to Uralmash-Izhora Group has won an international tender for the manufacture of two hydrocracking reactors for the company TANEKO (TATNEFT Joint-Stock Company), a newly built complex for fine oil processing in the city of Nizhnekamsk.
The contract’s value exceeds RUR ...
2007-08-14 12:03:00 Belon: First Semester Results According to the results of the fist semester of 2007, Belon Group improved its key performance indicators. The total coal production at the mines increased by 46% (or by 788,000 tn) compared to the corresponding period of the preceding year, ...
2007-08-10 15:47:43 MMK Goes Automotive MMK has acquired a 75% interest in ZAO Intercos-IV.
The decision was taken on July 13, 2007 , by MMK’s Board of Directors.
Intercos-IV, a company set up in St.Petersburg in 1992, is a manufacturer of large-size stamping dies weighing up to 70 tons and stampings for ...
2007-08-09 16:20:37 Mechel announces commissioning of new mining machinery JSC Mechel announces that the Company has commissioned new modern backhoe excavators at its iron ore mining subsidiary, Korshunov Mining Plant, and at deposits of its nickel mining subsidiary, Southern Urals Nickel Plant. The new machines will increase Mechel’s efficiency of iron and ...
2007-08-09 15:17:13 UC RUSAL launches modernization of Bratsk aluminium smelter UC RUSAL has announces the start of modernisation of Bratsk aluminium smelter, the world’s largest, to reduce environmental impact and increase efficiency. The first stage of the project will be completed in 2011, costing USD 350 million in investment.
The modernization programme ...
2007-08-09 12:24:14 ChTPZ Group Ferrous Division Ships 1,138,200 Tn of Product to Customers in January-July 2007 Chelyabinsk Pipe Rolling Plant and Pervouralsk New Pipe Plant both in the ChTPZ Group, shipped 1,138,200 tn of pipe products to customers for the period from January to July of 2007, an increase of 23% as compared to the same period of 2006 (925,600 tn).
In January-July of 2007, ChTPZ ...
2007-08-08 15:50:10 Results of Evraz\'s Offer to Acquire Highveld Shares Evraz Group S.A. announces that the offer made by Evraz on 4 June 2007 to acquire the entire issued share capital of Highveld Steel and Vanadium Corporation Limited, other than those shares currently held by Evraz, for a consideration of ZAR 93 ("offer") closed at 17h00 (SA time) on ...
2007-08-08 11:30:25 UC RUSAL announces release of employees kidnapped in Nigeria The six kidnapped Russian citizens, comprising five UC RUSAL employees and one employee\'s relative, were released today in Nigeria. They were taken hostage on June 3, 2007 in the company’s residential compound near the town of Ikot Abasi, Nigeria.
The release of the hostages was ...
2007-08-07 12:28:36 Mechel Announces Decisions of Shareholders’ Meeting And Board Of Directors JSC Mechel announces that an Extraordinary General Shareholders’ Meeting and a meeting of the Board of Directors were held today.
At the meeting, the shareholders agreed to approve the “Bylaw on the collegial executive body (Management Board).” The creation of the ...
2007-08-02 11:54:29 Inprom Group's releases 2006 IFRS consolidated financial statements Inprom Group's operating profit in 2006 grew by 174%, year-on-year, hitting $21.35 million against $7.8 million, according to the consolidated financial statements, audited to IFRS by independent auditors Deloitte & Touche. Sales stood at $446.6 million, up 59.8% from 2005 (279.5 million), ...
2007-08-01 15:23:55 Evraz purchases a stake in Highveld from Credit Suisse Evraz Group S.A. announces that the Board of Directors has approved the purchase of a 24.9% stake in Highveld Steel and Vanadium Corporation ("Highveld") from Credit Suisse International for an amount of up to US$219 million, thus exercising an option to increase Evraz's stake in ...
2007-07-31 12:04:28 New Management Board Members of Novolipetsk Steel approved The Board of Directors of Novolipetsk Steel today approved new Management Board membership submitted by the company’s President (Chairman of the Management Board).
The composition of Company’s Management Board is as follows:
- Alexey Lapshin – President, Chairman of ...
2007-07-31 10:23:20 MMC Norilsk Nickel announces production figures for 2nd quarter 2007
Mining and Metallurgical Company ("MMC") Norilsk Nickel ("Norilsk Nickel") announces preliminary consolidated production figures for the second quarter of 2007. These figures include production from Norilsk Nickel Harjavalta, which was acquired on March 1, 2007, as ...
2007-07-30 22:02:33 Mechel announces commissioning of new mining machines at Southern Kuzbass JSC Mechel announces the commissioning of new mining machines at the open pit mines of its coal mining subsidiary, Southern Kuzbass OAO. The commissioning of the new machines will allow Mechel to increase efficiency of coal mining and reduce production costs.
The new machines were put ...
2007-07-30 15:03:30 New recreation centre to be built in Lipetsk NLMK has begun construction of a modern recreation facility in Metallurgov Park. The centre’s location provides residents of the Left-bank area with easy access to the city, offering them the opportunity to practice sport in their own district.
The total project ...
2007-07-30 13:40:08 Chelyabinsk Zinc Plant Reports 14.6% production increase in Q1 2007 Chelyabinsk Zinc Plant is pleased to announce its production results for the first half of 2007.
January to June 2007, Chelyabinsk Zinc Plant produced 80,385 tonnes of SHG zinc and zinc based alloys, an increase of 14.6% as compared to the first half of 2006 (70,139 tonnes). 49% of the ...
2007-07-27 12:32:10 A Copper Company has been Offered to Basic Element in Exchange for Olympics Contracts On July 31 another tender will be announced for privatization of RTB Bor, a Serbian copper company. The upset price should amount to $340 mln. Soyuzmetalloresurs incorporated in Basic Element Resourses Division has already showed interest in participation in the tender. Some analysts say, the ...
2007-07-27 12:30:36 Severgal has Produced Half a Million Tons of Hot-Dip Galvanized Rolled Products Severgal line for production of hot-dip galvanized rolled products has produced half a million tons of products since it was launched. Severgal (fully owned by Severstal) was founded in February 2002. The company produces galvanized sheets (thickness – 0.4-2.0 mm, width - 900 to 1850 mm) ...
2007-07-26 13:42:00 MMK to Increase Share of High Value Added Products up to 85.4 % by 2013 Over the latest decade MМК has been increasing the share of subsequent conversion products. In 2002 the biggest in Russia continuous hot-dip galvanizing unit with the capacity of 500 thou tons per year was put into operation at the mill. In 2004 a polymer coating unit with the capacity of 200 ...
2007-07-25 15:48:40 New Deputy Director General for External Trade Affairs has Taken up a Post at Mechel Mr. Oleg Rozenberg has been appointed Mechel Management Company Deputy Director General for External Trade Affairs. Mr. O. Rozenberg’s functions include development of sales systems of Mechel mining and metallurgical plants in the international markets, as well as matters related to ...
2007-07-25 13:17:46 Norilsk Nickel has Prolonged Term of Validity of its Offer to LionOre Share Holders till August 13 Today Norilsk Nickel has announced the prolongation of term of validy of its offer regarding buying of all the issued and current shares of LionOre at CAD 6.8 billion till 20:00 Toronto time, Monday, August 13, 2007.
Norilsk Nickel press service says prolongation of the term of validity ...
2007-07-24 12:11:42 The Government of the Sverdlovsk Region Intends to Speed up Starting up of Asbestos Magnesium Plant The Ministry of Industry, Energy and Science of the Sverdlovsk region says the new complex of Asbestos Magnesium Plant will require 256 mln cubic meters of gas a year to meet technological and household demands at the first stage whereas after reaching its production capacity the plant will ...
2007-07-24 12:08:34 Trubodetal to Invest $23 mln in Built-Up Steel T-Joints Manufacture Trubodetal has begun to carry out an investment project on building facilities for built-up steel T-joints manufacture. The goal of the project is to master new types of products: low pressure (1.6-5.6 MPa) and high pressure (9.8-15 MPa) T-joints. Since high pressure T-joints are not produced ...
2007-07-24 10:39:37 MMK Reconstructs the Biggest Mill Reconstruction of hot rolling mill 2000 at sheet rolling plant # 10 continues at Magnitogorsk Iron and Steel Works (MMK). The mill put in operation in 1994 is still the most productive at MMK; last year more than 5.5 mln tons of hot rolled sheets were produced at the mill. Today the mill is ...
2007-07-23 12:27:56 CZP Receives OHSAS 18001:1999 Certificate Chelyabinsk Zinc Plant (LSE: CHZN, RTS: CHZN), Russia’s largest producer of zinc and zinc alloys, has passed a regular certification audit of its integrated management system. The audit was carried out by the internationally recognized independent certification organization Bureau ...
2007-07-20 12:48:33 Independent auditors confirm compliance of NLMK with international standards NLMK is pleased to announce that its Environment Management System has passed an oversight audit for compliance with the international standard ISO-14001:2004 “Environment management system” conducted by an independent certifying body TÜV CERT (Germany). The company also ...
2007-07-19 13:52:11 UC RUSAL announces H1 2007 Results Highlights i
• Alumina production rose by 4.6% compared to the same period last year and amounted to 5,583,833 tonnes.
• Aluminium production increased by 3.8% to 2,037,236 tonnes compared to the first half of 2006.
• Output of high value-added ...
2007-07-19 12:02:18 MMK boosts net profit The net profit of Magnitogorsk Iron and Steel Works (MMK) under Russian Accounting Standards (RAS) grew 68.12 percent to over RUR26.1bln (approx. USD1.03bln) in the first half of 2007 compared to the same period a year earlier. According to the company's data, net profit stood at around ...
2007-07-18 15:12:38 ChTPZ Group Ferrous Division Ships 971,000 Tons of Product to Customers for the first six month of 2007 Chelyabinsk Pipe Rolling Plant and Pervouralsk New Pipe Plant, both in the ChTPZ Group, shipped 971,000 tons of pipe products to customers for the first six months of 2007. This is 28% more than for the same period of 2006 (761,300 tons).
In January-June 2007, ChTPZ sold 539,000 tons of pipes. ...
2007-07-18 13:40:13 New Video Has Been Pasted on Metal-Expo Official Web Page Some pages of Metal-Expo, International Industrial Trade Show official web-page have been updated. Metal-Expo has posted new reviews of steel producers, consumers, traders as well as scientific institutions about the exhibition .
Metal-Expo has also opened a new page entitled ...
2007-07-17 16:12:07 MMK: new growth strategy calls for 40% hike in investments The BoD of Magnitogorsk Metallurgical Plant, has approved a new long-term rollout strategy for 2007-2013. In line with the plan, total investments that MMK intends to allocate to implementing new projects over this period will amount to $5.596 bln, which ...
2007-07-17 11:53:01 Evraz Extends the Offer Period to Acquire Highveld Shares Evraz Group S.A. announces that, following its announcement of 4 June on the offer to acquire shares in Highveld Steel and Vanadium Corporation Limited ("Highveld"), other than those currently held by Evraz, and its announcement of 4 July on the extension of the offer period, ...
2007-07-17 11:36:48 Mechel announes the commissioning of new equipment at Beloretsk metallurgical plant Last weekend at Beloretsk Metallurgical plant, new equipment for production of rope, fastener and fibre wire was commissioned. The new equipment has been manufactured by Ernst Koch, one of the leading German manufactures of industrial equipment. The official ceremony for opening the new ...
2007-07-17 10:51:12 UC RUSAL opens Industrial Park Siberia branch in Komi Republic UC RUSAL today announced the launch of a new branch of Industrial Park Siberia in the town of Ukhta. The new plant will supply metal structures for the ongoing construction of a bauxite and alumina complex within the Komi Aluminium project. The plant is expected to produce about 51,000 tonnes ...
2007-07-13 16:03:33 Izhorskiye Zavody Successfully Completes Contract with Uralskaya Stal Izhorskiye Zavody OJSC, a part of OMZ (Uralmash-Izhora Group) announced that it has successfully completed production of metallurgical equipment for Uralskaya Stal company located in Novotroitsk, Orenburg region.
The contract for production of the equipment was signed in August 2005. It ...
2007-07-12 13:33:09 Seversky Tube Works and Corinth Pipeworks JV launches new product line ZАО “TMK-CPW”, a joint venture between Seversky Tube Works, TMK, and “Humbel limited” of Cyprus, a subsidiary of the Greek pipe industry leader Corinth Pipeworks S.A. announced today that it has launched a new production line at the Seversky Tube Works plant.
The ...
2007-07-12 11:51:46 Mechel reports 2007 first quarter results Mechel announced financial and production results for the first quarter ended March 31, 2007.
US$ thousand
1Q 2007
1Q 2006 ...